Louisiana Light • 2 days | 90.66 | -1.96 | -2.12% | |||
Bonny Light • 1 day | 94.49 | +0.54 | +0.57% | |||
Opec Basket • 1 day | 93.56 | -1.43 | -1.51% | |||
Mars US • 15 hours | 87.38 | +0.41 | +0.47% | |||
Gasoline • 10 mins | 2.312 | -0.048 | -2.04% |
Bonny Light • 1 day | 94.49 | +0.54 | +0.57% | |||
Girassol • 1 day | 95.40 | +0.27 | +0.28% | |||
Opec Basket • 1 day | 93.56 | -1.43 | -1.51% |
Peace Sour • 7 hours | 83.73 | +0.41 | +0.49% | |||
Light Sour Blend • 7 hours | 84.23 | +0.41 | +0.49% | |||
Syncrude Sweet Premium • 7 hours | 92.83 | +0.41 | +0.44% | |||
Central Alberta • 7 hours | 82.03 | +0.41 | +0.50% |
Eagle Ford • 1 day | 85.71 | +0.41 | +0.48% | |||
Oklahoma Sweet • 1 day | 85.75 | +0.50 | +0.59% | |||
Kansas Common • 7 days | 84.00 | +3.25 | +4.02% | |||
Buena Vista • 7 days | 98.88 | +2.54 | +2.64% |
Amidst increasing tensions with Russia…
The CEOs of Ford and…
Looking beyond Albertaâs rich deposits of oil sands, Chinaâs state-owned Sinochem Group energy giant is looking to invest in the provinceâs rich oil and natural gas sector.
Sinochem Group is Chinaâs fourth largest energy firm.
Sinochem Group assistant president Li Pilong, attending the Canada-Asia Energy Cooperation Conference in Calgary stated that Sinochem Group is âmore focusedâ on conventional oil and natural gas, as opposed to oil sands, commenting, âI have a plan to visit a number of oil companies to see whether or not we can work together for a kind of co-operation in the energy field. At this time itâs for general purposes and to explore the potentials where our two countries can work together,â The Calgary Herald reported.
Other Asian firms are concentrating on Albertaâs oil sand resources. Two months ago China National Offshore Oil Corp. agreed to purchase struggling oil sands developer Opti Canada Inc. for $2.1 billion.
Thailandâs PTTEP Canada Ltd., which owns 40 percent of Norwayâs Statoilâs Kai Kos Dehseh oilsands project and is majority owned by the Thailand government, is seeking to expand its presence in the province. PTTEP Canada Ltd. senior vice-president Yothin Tongpenyai said, âWe are open to opportunities both in conventional and unconventional resources, including shale gas, tight gas, coal bed methane, oil sands, oil shale ... and other interesting oil and gas resources.â
By. Joao Peixe, Deputy Editor OilPrice.com
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